Gold System Stays Open After 686-Meter Mineralized Hit in Colombia

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Tiger Gold Corp. (TIGR:TSXV) reported assay results from its Ceibal target within the Quinchía Gold Project in Colombia's Mid-Cauca gold belt. The results came from the company's initial 5,000-meter drill program at Ceibal, which forms part of an ongoing 20,000-meter drill program at the project.

The company reported that drill hole CEDDH-010 intersected predominantly porphyry-style mineralization over a 685.7-meter near-surface interval. Highlights included 214 meters grading 0.7 grams per tonne (g/t) gold from 22 meters downhole, including 23 meters grading 1.1 g/t gold and 8 meters grading 1.0 g/t gold. A second interval returned 437.05 meters grading 0.5 g/t gold from 271 meters downhole, including 9 meters grading 2.2 g/t gold and 114 parts per million molybdenum from 613 meters and 10 meters grading 1.4 g/t gold from 656 meters.

According to the company, the hole was drilled as a step-back from the previously drilled CEDDH-001 discovery hole, with the collar positioned approximately 80 meters northeast along the same section line. CEDDH-010 reached a final depth of 707.7 meters and ended in mineralization, remaining open at depth.

President and CEO Robert Vallis said in a company news release, "CEDDH-010 delivers another strong result for Ceibal and extends the scale of mineralization along our first section line."

The company stated that Ceibal lies approximately one kilometer south of the Miraflores deposit and one kilometer southwest of the Tesorito deposit. Drilling at Ceibal has intersected a mineralized corridor with an apparent strike length of at least 300 meters and an apparent average width of approximately 300 meters. Mineralization has been traced over a vertical thickness of approximately 600 meters in CEDDH-010 and remains open to depth.

Tiger reported that CEDDH-010 intersected dacite porphyry over most of its drilled length, with intervals of intrusive breccia and inter-mineral to late diorite porphyry. The company stated that sustained chalcopyrite, traces of bornite and covellite, abundant magnetite, and persistent vein networks observed in the hole were consistent with porphyry-style gold mineralization.

The company also noted that three drill rigs remain active across the project, with assay results pending from Ceibal, Dos Quebradas, and Tesorito.

Third-Party Reports Point to Drill Results and Project Scale

According to an April 21 report from Gold Advisor, senior analyst Jeff Valks discussed Tiger Gold's results from Dos Quebradas, highlighting what he described as a "169 gram-meter standout intercept" consisting of "282.45m @ 0.6 g/t gold" including "32m @ 1.3 g/t gold" and "21.23m @ 1.6 g/t gold." Valks wrote that the hole "ended in mineralization," which he said, "suggests the system continues at depth." He also noted that the company had "confirmed gold mineralization across multiple intervals in a second hole drilled to 631.1 m, suggesting the system stretches vertically and laterally through the breccia complex."

Valks included comments from President and CEO Robert Vallis, who stated, "QDQDH-27 is an encouraging result from our initial drill program… While we wait for assays from QDQDH-26… we are updating our model and planning the next phase of drilling." Valks further wrote that "Three rigs are already active across the broader Quinchía project, with assays pending from Dos Quebradas, Tesorito, and Ceibal." Regarding the company's shares, Valks stated, "The stock is a Buy."

In an April 22 report, Bob Moriarty discussed the same drill results, writing that "Hole QDQDH-27 from the Dos Quebradas deposit showed values of 282.5 meters of 0.6 g/t Au from 18 meters downhole." He added that "A 282.5-meter intercept is a giant" and stated that "anything over 100 grams/meters is a great hole."

Moriarty also commented on Tiger Gold's management team, writing that "Tiger Gold is led by one of the most experienced CEOs of a junior resource company I have witnessed in twenty-five years." Referring to Robert Vallis, Moriarty stated, "He is top-notch and worldly."

Discussing the broader project, Moriarty wrote that "The assay numbers by themselves fail to tell the entire story of this incredible steal." He stated that "The 20,000 meter fully funded drill program has already revealed the potential for a high-grade feeder zone beneath the pit resources at Tesorito" and added that "The breccia mineralization shows higher grade gold and the presence of copper mineralization."

Moriarty concluded that "Tiger Gold has everything," adding that "Management is experienced and determined to become Colombia's newest gold mine." The third-party sources did not disclose formal target prices.

According to an updated June 2 report from Gold Advisor, senior analyst Jeff Valks discussed Tiger Gold's latest results from the Ceibal target at the Quinchía Gold Project. Valks described the results as "another long intercept from Ceibal," writing that the latest hole "helps stretch the story both sideways and downward."

Valks highlighted results from drill hole CEDDH-010, including "0.5 g/t gold over 437.05 meters from 271 meters downhole," including "2.2 g/t gold over 9 meters" and "1.4 g/t gold over 10 meters," as well as "0.7 g/t gold over 214 meters from 22 meters downhole," including "1.1 g/t gold over 23 meters" and "1.0 g/t gold over 8 meters." He wrote that the hole "hit predominantly porphyry-style mineralization over a whopping 685.7-meter near-surface interval."

Discussing the scale of the target, Valks stated, "This is not jewelry-box grade. It is bulk-tonnage porphyry-style work, where width and continuity do the heavy lifting." He noted that Ceibal had "drilling showing an apparent strike length of at least 300 meters and an apparent average width of roughly 300 meters" and wrote that CEDDH-010 "traced mineralization over about 600 meters vertically and ended in mineralization at 707.7 meters downhole."

Valks also commented that "The system remains open to depth, and the corridor remains open to the northwest, southeast, and southwest." Referring to ongoing exploration activity, he wrote that "Three rigs remain active, and assays are pending from Ceibal, Dos Quebradas, and Tesorito."

Regarding the company's shares, Valks stated, "The stock is up 2.5% as I write and remains a Buy." He added that "CEDDH-010 gives Ceibal added scale ahead of a planned maiden resource."

Project Drilling Advances Across Multiple Targets

Tiger's initial 5,000-meter Ceibal drill program is focused primarily on step-out drilling to test the apparent strike extent of the mineralized corridor to the northwest and southeast. The company stated that deeper holes are intended to gather data that may identify pathfinders to assist in locating the causative porphyry responsible for the system.

The company reported that drill hole CEDDH-012 has been completed as a further step-back from CEDDH-001, collared approximately 150 meters northeast of the discovery hole and 70 meters northeast of CEDDH-010. Logging showed broadly comparable proportions of dacite porphyry, inter-mineral to late diorite porphyry, and intrusive breccia, while assays remain pending.

Tiger stated that drilling along the section line now spans the central portion of the gold-molybdenum surface geochemical anomaly at Ceibal. Additional drilling along the section and adjacent areas will be used to evaluate the mineralized system's geometry, true thickness, and continuity.

According to the company, drilling results generated to date at Ceibal are being used to inform detailed planning of a follow-up drill program in support of a maiden Mineral Resource estimate.

Separately, the company's Q1 2026 corporate presentation outlined a broader 2026 work program at the Quinchía Gold Project that includes expanding mineral resources, increasing confidence in the Tesorito Mineral Resource through infill drilling, refining geological models with new drill data, evaluating potential resource expansion impacts on preliminary economic assessment assumptions, and generating technical data to support future pre-feasibility study-level work.

The presentation also outlined planned drilling programs that include up to 10,000 meters of extension drilling, 4,000 meters of infill drilling, and up to 6,000 meters of exploration drilling across the project area. Planned regional exploration activities include mapping, rock-chip sampling, trenching, resurveying historical collars, and exploration modeling, while engineering and environmental, social, and governance work includes baseline studies, community engagement, metallurgical test work, mine engineering studies, and tailings facility design.

Ownership & Share Structure¹

Tiger Gold Corp. has a market cap of CA$74.23 million, with 104.18 million shares outstanding. The company's 52-week range is CA$0.11-CA$0.97.

Management & Insiders own 3.02% of shares, and the remaining 96.98% are held by Retail.